Posts Tagged ‘DragonMint 16T miner’

Bitcoin ASIC Miners Still Hard to Get for Small Miners

28, Jan 2018

If you are a small crypto miner and not a large mining operation you may find it very hard to acquire up to date Bitcoin ASIC miners as the demand is still pretty high and the wait time is long. If you manage to find an ASIC miner is stock the chances are the price will be significantly higher as they are being resold with serious profit by people that prefer to make money this way instead of mining with the devices. At the moment there are pretty much 4 main manufacturers of Bitcoin ASIC miners that sell to end users and in small quantities and as you might expect they do not have anything in stock as the wait time is in months.

1. Bitmain AntMiner S9 (13.5 THS)
Bitmain is the most popular name among the ASIC manufacturers and probably the biggest one as well and even they are struggling to have stock of the AntMiner S9 ASIC miners they produce. It is interesting to note that the S9 has started shipping in the summer of 2016 and is still their top product. Bitmain has already sold all of their production up until the end of March, so when they release a new batch it will be scheduled for delivery sometime in April earliest.

2. Canaan AvalonMiner 821 (11 THS)
Canaan has been making their Avalon miners for years, though they were a bit slower in terms of specifications as compared to Bitmain and not as popular among end user miners. Their latest AvalonMiner 821 was announced in December last year and just started shipping its first batches for people that have preordered early. You can currently preorder AvalonMiner 821 for shipping/delivery in the second half of March, so you can probably get these a bit earlier than if you wait to preorder an AntMiner.

3. Ebang Ebit Miner E10 (18 THS)
Ebang’s Ebit miners are mostly popular in Asian countries, though they are trying to get to a wider market and their latest announcement of a 10 nm ASIC miner – the E10 made some waves. It is however an expensive device and still hard to get with a minimum purchase quantity of 20 units and all batches already sold through the end of March.

4. Halong Mining DragonMint 16T Miner (16 THS)
Halong Mining is a newcomer that just recently announced their plans to enter the Bitcoin ASIC miner market to try and fight with the market dominance that BitMain already has. They are still yet to start shipping their first devices in March this year and you cannot currently preorder units on their website with new batches probably to be available for April earliest.

New 16 THS DragonMint 16T Bitcoin ASIC Miner Coming in 2018

23, Nov 2017

If you think that BitMain has too much control over the Bitcion ASICs out there being one of the main manufacturers on that particular market, then you might be happy to learn that there is a new alternative coming next year. There are of course the Canaan Avalon miners and the Ebit E9 miners already available, though they are also hard to get, just like the Antminers from Bitmain lately. The just announced DragonMint 16T Bitcoin ASIC miner from a new company called Halong Mining is looking very promising. What makes this announcement even more interesting is the fact that one of the Bitcoin Core developers – BtcDrak seems to be directly involved in the development of the miner and with Halong Mining who developed it. According to the initial information the project has been started quite a while ago with a lot of people contributing and with a serious investment in order to be able to bring the much needed competition and innovation to the Bitcoin mining arena. The only possible problem here is that it might still be hard to acquire for some small miners and users willing to get just a single ASIC miner to play around with once it becomes available, especially if demand from large scale mining operations is as high as it is with Bitmain’s products.

The DragonMint 16T is supposedly the world’s most efficient Bitcoin miner, running faster and cooler than any competing miners currently available. It is based on the DM8575 ASIC chips that run at 85 GHS per chip with power efficiency of around 0.075 J/GHS according to the developers. If you are wondering what is the catch here, well the new miner is not yet available for sale, it is expected to start shipping in March 2018 or in about 4 months from now. You can however already pre-order the device with a minimum order quantity and a regular price tag of $1595 USD (with first day promo at $1350 USD per device). That price does not include a power supply, just the miner, but you can also add a 1600W PSU for $125 USD ($115 USD on promo), though again this is a pre-order. As with all other pre-orders and promises for a new product that is to start shipping in the future it is advice to proceed with caution, especially in cases such as this one where it is from a newcomer in the crypto space (new company)!

DragonMint 16T Specifications:
– ASIC Type: SHA256
– Hash power: 16 THS
– Network: Ethernet port
– Miner power consumption: 1205 W ±6%
– Chip efficiency: 0.075 J/GHS ±6%
– Fans: dual fan variable 6000rpm (100W)
– Power Supply: Not included (1600W recommended)

– For more details about the new ASIC miner check the official website of Halong Mining…


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